Orthopedic Biomaterials Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

The global orthopedic biomaterials market was valued at US$ 11.56 Billion in 2020 and is expected to register a CAGR of 10.6% from 2021 – 2028 reaching the market value of US$ 42.79 by 2028.

Orthopedic biomaterials are those materials that have direct interaction with the body fluids and human tissues in order to treat and replace the deformed organ of the body. Orthopedic biomaterials are also called implants that are used to perform biological functions in human beings by repairing or replacing the ligaments, tendons, bones, cartilages, and others. Orthopedic biomaterials aim to correct musculoskeletal deformities and provide proper support to the chronic skeletal system by reducing the motion in the elevated organ. The increase in the aging population giving rise to surgeries like joint reconstruction, joint arthroplasty, and viscosupplementation is further paving the way for the growth of the global orthopedic biomaterials market.
Also, the increase in chronic skeletal disorders, rising geriatric population, growth in the number of musculoskeletal deformities, accidents causing injuries, and increasing awareness among the people are certain factors that are responsible for the market growth of orthopedic devices globally. In addition, an increase in sports activities leads to several kinds of injuries, technological advancements of orthopedic devices, and the introduction of innovative design along with increased efficiency of the devices further drives the global orthopedics devices market. According to World Health Organization (WHO) in February 2021, nearly 1.71 billion people had musculoskeletal disorders globally. Additionally, advancements in 3D printing technology are anticipated to build a powerful impact on the global orthopedic biomaterials market during the forecast period 2021 – 2028.

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The global orthopedic biomaterials market is bifurcated on the basis of Materials, Application, and End-user. Based on Materials, the Ceramics & Bioactive Glasses segment held the largest market share among all the sub-segments owing to its extensive adaption of ceramics in repairing tissues globally. By application, the Orthopedic implants segment emerged as the most dominant segment because of the hike in the incidences of bone fractures, disc degenerative conditions, and trauma cases.
Global orthopedic biomaterials market outlook – North America dominates the global market.
Based on geography, the global orthopedic devices market is segmented into North America, Europe, APAC, and RoW. Currently, North America is leading the global market owing to the increased investments in the healthcare industry coupled with the active players in the region. APAC to register the highest CAGR in the forecast period by 2021 – 2028.
Stryker Corp., Zimmer Biomet, DePuy Synthes Inc., DSM Biomedical, Invibio Ltd., Globus Medical, Matexcel, Exactech, Inc., CAM Bioceramics B.V., AdvanSource Biomaterials Corp, and Heraeus Holding among others are the major players of the global orthopedic devices market.

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